Page 21 - Real Estate Firms

Realty firms may witness margin shrink by 4-6% due to steel price rise

Surge in prices of steel products that are used in the construction sector has an adverse impact on the real estate companies

BK Birla group's realty arm to launch one housing project every quarter

Birla Estates aims to become one of the country's largest property developers; is starting the next phases of some of its existing projects

Real estate firms see good traction for plotted developments in WFH world

Godrej Properties, part of Godrej group, last month launched plotted developments of 1 million sq ft in Faridabad on 43.61 acres of land acquired from BPTP, an NCR-based developer

Prestige Estates Projects looks to offload residual stake in malls

Prestige will sell 85-87 per cent in its nine operational malls to Blackstone in places such as Bengaluru, Mysuru, Mangaluru, and Hyderabad

A fresh lease of life for real estate?

The Reserve Bank has taken all the right steps to attract home buyers and encourage housing finance companies. A couple of other things can complete the suite

RBI move to allow loan recast at project level to benefit realtors: Experts

Move will help restart projects stuck due to Covid-19. Both buyers and developers will stand to gain when these projects eventually see the light of day

Bhutani Infra to invest Rs 5,000 cr on 3 projects in Noida over 4 yrs

Out of 2 million sq ft area that has been completed, the company has leased around 1 million sq ft area and is in talks to put on rent the remaining area

Real estate players eye data centres to create separate class of assets

Players such as Puravankara, Salarpuria Sattva in talks to develop data centres in top metros

Debt recast at real estate project level to revive sector: Experts

Developers revive stalled projects faster, but someone will have to take a haircut, say industry players

TVS housing arm ropes in Singapore's Keppel Land for project near Chennai

The partners will develop the project through a JV, in which Keppel Land's subsidiary will take 49 per cent stake for Rs 77.2 crore

Low demand, high construction costs may derail Gujarat's skyscraper dreams

Real estate developers too, believe such high rises, whether built for residential or commercial purposes, will have to be ultra high luxury

Local developers rope in global realty firms to boost project prospects

They are using the development management model under which the global firm constructs, markets and leases the project for a fee

DLF's K P Singh retires at 90, son Rajiv Singh to take over reins

Singh had left an army job in 1961 to join DLF - a company started by his father-in-law in 1946 - and took over as chairman in 1995.

Realty firms see jump in enquiries and purchases by Gulf-based NRIs

Covid-19-induced Job losses in West Asia, falling oil prices, and security of owning a house in one's native country are driving trend, say developers

Real estate firms bank on tech tools to generate sales amid lockdown

From Zoom calls to virtual experience centres, they are trying out everything possible to generate sales at a time when bookings have dried up.

Covid-19 outbreak: Real estate majors rule out price cuts after lockdown

Despite fall in sales, supply constraints may keep prices firm

High-debt companies face risk of default amid coronavirus spread: Analysts

CFOs, analysts say moratorium on interest is key to tide over crisis

Top realtors in talks with Graphite India to acquire Bengaluru land

Deal size expected to be in the Rs 2,000-25,000 crore range

Mumbai posts decline in residential launches, sales in H2 2019: Report

However, the report observed that despite headwinds of economic slowdown, Indian real estate sector has recorded an overall growth in 2019

SP Group banks on residential properties for growth, to launch new projects

Shapoorji's new launches are coming up mostly in Mumbai, Pune, Kolkata, and Mohali. The launches are in premium, luxury, and mid-income projects